COPPER-GOLD: Inmet wraps up 2012, looks toward 2013

VANCOUVER – As is fitting in the first month of a new year, Imperial Metals Corp. has added up its production numbers for 2012. The company's output included 51.3 million lb of copper, 53,252 oz of gold, 211,995 oz of silver, and 2,278 lb...

January 23, 2013
by Canadian Mining Journal Editor

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VANCOUVER – As is fitting in the first month of a new year, Imperial Metals Corp. has added up its production numbers for 2012. The company’s output included 51.3 million lb of copper, 53,252 oz of gold, 211,995 oz of silver, and 2,278 lb of molybdenum.

Both base and precious metal production exceeded the company’s forecast for the Huckleberry copper-molybdenum mine and Mount Polley copper-gold mine in British Columbia. Copper production was 2% over forecast, gold production was 11.4% over and silver production was 31.7% over.

Last year Imperial put the Sterling gold mine in Nevada into production, and it turned out 10,000 oz of gold in 2012.

Looking ahead to 2013, the company expects higher production of copper and gold, 58.5 million lb and 54,600 oz respectively. However, silver output will drop to 195,000 oz, and molybdenum production will cease altogether.

Looking forward, Imperial has the Red Chris copper-gold project at the development stage and the Ruddock Creek zinc-lead project at the advanced exploration stage. More information about them is at ImperialMetals.com.